Supreme Infra has a EPS rank of 81.07, PRS rank of 85.83 and a volume growth of 61.55% against its average. This brings the stock into the Big money channel. With 3rd quarter results yet to be released we will analyze with 2nd quarter results. This stock had a sales growth of 56.36%, NPM of 5.77%, EPS growth of 19.14%.
Basics are strong, now we shall go a little more interior to find some more strength in the stock. Funds representation is at A- keeping the stock at the top 20% slot. New fund sponsorship is yet to pick up strength; there are more sellers at present. Sales and NPM growth is at 84.05. Industry group ranking is very poor at E- giving the stock the last slot of 1-7% in the industry group order.
Technically the stock is off 30% from its 52 week high, the daily charts have given a good buy at 169 levels which at present has made more than 25% gains. On the weekly the stock is coming into a new trend buy signal, if the weekly close is above 203 for this week, it will signal a buy on the weekly charts. With good bullish divergence on the histogram, there are possibilities for the stock to reach for new highs, but it will be a long term bet.
The stock belonging to the civil construction industry which has the bottom 5 position on the industry ranking is a big negative for the stock. ROE is at 29.58 which is favorable and one can think of a long entry on the weekly charts with price triggers. Keep risks low as the market and the industry group do not favor much bullish strength.
These recordings are for today’s price pattern, which can change over the weekend when we have to decide on the buy trigger in the stock. We shall keep the stock on the watch list for a long trade on the weekly.
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